Thursday 24 November 2022 09:59 AM Jeremy Hunt admits his £25bn tax raid is anti-growth but insists he wants to ... trends now
Thursday 24 November 2022 09:59 AM Jeremy Hunt admits his £25bn tax raid is anti-growth but insists he wants to ... trends now
Jeremy Hunt admits his £25bn tax raid is anti-growth... but insists he wants to reduce the levies over time Chancellor Jeremy Hunt has admitted £25bn tax raid could damage UK growth He told Commons Treasury committee he wants to bring down taxes long term He said the tax burden would spike at 47%of GDP before falling back to 43%
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Britain's record taxes risk damaging growth, Jeremy Hunt admitted last night.
His £25billion tax raid last week pushed the UK's tax burden to its highest level since the Second World War.
But the Chancellor told the Commons Treasury committee yesterday he still wants to bring down taxes in the long term and acknowledged that the sheer scale of taxation – it tops £1trillion for the
